Why Lowe's Should Head Higher

Earnings didn't impress but with the stock near a 52-week low, the worst is behind for the home improvement retailer.

WITH LOWE'S (ticker: LOW) shares higher today despite a disappointing earnings report, we see the stock's action as a sign of what's to come.

Before the opening bell on Monday, the home improvement retailer reported that fiscal second-quarter earnings, for the period ending in July, rose nearly 10% to 58 cents a share, a penny below estimates. Revenue was also light, at $14.4 billion compared to analysts' projections of $14.53...